Bioherbicides Market Size Projected to Reach USD 4.3 Billion by 2030 with a 13.4% CAGR
Global Bioherbicides Market Outlook Bioherbicides Market is projected to reach USD 4.3 billion by 2030, exhibiting a CAGR of 13.4% from 2023 to 2030. The Global Bioherbicides Market has been segmented by Source, Application, Formulation, mode of Application and Region. By Source , the Global Bioherbicides Market has been segmented into microbial, biochemicals, and others. The biochemicals segment is leading the market and are largely preferred as compared to microbial herbicides and beneficial insects as it controls pests by non-toxic mechanism. Although, the microbial herbicides are cost-effective, exposure to UV radiation reduces the effectiveness of microbial pesticides and therefore is not preferred. Based on the Application , the Bioherbicides market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, turfs & ornaments, and plantation crops. The increasing demand for nutritious food due to the consumer awareness coupled wit...